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Credit Builder

Options to Build Credit

Credit Builder Loan

Designed for Members who are seeking to rebuild and increase their credit score. Once the application is approved, funds will be placed into a Share Certificate. You make easy monthly payments and once the loan is paid off, you will have access to the cash. Credit Builder helps you build up your credit history and your savings at the same time.

Rates Effective Date: June 6, 2020

Summit Secured Credit Card

We look at a low credit score and see a chance for us to help. The Summit Secured card is designed for people who need to rebuild credit scores that have dropped. It can also be used by people who have a decent score they want to make even better.

Be approved quickly!

Competitive rates.

Rebuild credit quickly.

Limit your daily spending to ensure healthy balance.

Where does your score stand?

720-849…….Excellent

690-719…….Great

660-689…….Good

640-659…….Fair

600-639…….Poor

Below 599…Very Poor

Credit Builder Loan

Designed for Members who are seeking to rebuild and increase their credit score. Once the application is approved, funds will be placed into a Share Certificate. You make easy monthly payments and once the loan is paid off, you will have access to the cash. Credit Builder helps you build up your credit history and your savings at the same time.

Rates Effective Date: June 6, 2020

Summit Secured Credit Card

We look at a low credit score and see a chance for us to help. The Summit Secured card is designed for people who need to rebuild credit scores that have dropped. It can also be used by people who have a decent score they want to make even better.

NICOLE MELENDEZ | MEMBER SINCE 2018

NICOLE MELENDEZ TESTIMONIAL

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FAQs

Am I Too Young to Start Building Credit?

If you’re 18 or over, you’re at the perfect age to start building credit. Altura’s youth accounts make establishing and building credit easy. As long as you are using your credit card responsibly, you’re actually setting yourself up for future success.

How Much will a Foreclosure Affect My Credit Score?

A foreclosure has a significant negative impact on your credit. The higher your credit score was before the foreclosure, the more points you can expect it to drop. For example, if you had a credit score of 680 before the foreclosure, you should expect your credit score to drop below 600 after foreclosure. But if you had a higher credit score of 780 before the foreclosure, your credit score will end up dropping to the low 600s.

Will One Late Payment Affect My Credit Score?

Although one late payment on a loan may not seem like a big deal, it can still have an effect on your credit, especially if the payment is more than 30 days late. If you have a very high credit score (780 or more), your credit will be more severely impacted. For example, a payment that is 30 days late could cause your credit score to drop by 100 points! With the Skip a Payment option, you won’t have to worry about this.

Disclaimers

APR=Annual Percentage Rate. Rates are subject to change without notice.

All loans are subject to credit approval. Membership eligibility required. No loan processing fee is required. The rate will be...

APR=Annual Percentage Rate. Rates are subject to change without notice.

All loans are subject to credit approval. Membership eligibility required. No loan processing fee is required. The rate will be based on criteria such as credit score, credit history and payment method. All rates are subject to change without notice. Other restrictions may apply. For fees and complete account details, view the Schedule of Fees and Credit Builder Share Certificate Disclosure.